Inflation has long been recognized as a detrimental force in economic theory. However, its full extent and impact are often underestimated due to narrow definitions and insufficient attention given to the various forms it takes. The consequences of inflation are far-reaching, springing from a fundamental violation of societal norms. From benefiting perpetrators to allowing excessive debt accumulation, inflation has profound effects on civilization.
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Hyper-centralized Government
- Inflation empowers central governments at the expense of individual liberties and decentralization. Through perpetual inflation, governments consolidate power, diminishing the role of secondary authorities. The centralization facilitated by inflation isolates citizens from societal bonds, promoting dependency on state institutions.
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Fiat Inflation and War
- Fiat inflation enables governments to prolong wars, disregarding fiscal constraints imposed by taxpayers. By printing money to finance war efforts, governments avoid the need for public support and extend conflicts beyond sustainable limits. Fiat inflation distorts the economic realities of war, perpetuating unnecessary bloodshed.
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Inflation and Tyranny
- Fiat inflation epitomizes the financial tools of tyrannical regimes. By arbitrarily seizing citizens’ wealth through inflation, governments display despotic tendencies, undermining democratic principles. Inflated currency erodes property rights and fuels governmental overreach, leading to a culture of exploitation and abuse of power.
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Race to the Bottom in Monetary Organization
- The institutionalization of fiat inflation creates a volatile monetary environment, fostering economic instability. Fractional-reserve banking, central banking systems, and paper money evolve as responses to address inflation-induced crises, contributing to a decline in monetary standards. This downward spiral reflects the inherent flaws of fiat currency systems.
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Business under Fiat Inflation
- Fiat inflation distorts corporate finance, incentivizing debt-fueled entrepreneurship over equity-based ventures. Fractional-reserve banking and paper money facilitate easy credit access, promoting a debt-centric business model. Inflation-induced financial strategies favor banks and erode the autonomy of entrepreneurs, embedding a cycle of monetary dependency.
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The Debt Yoke
- Inflation-driven debt accumulation undermines financial independence among individuals and institutions. The allure of easy credit under inflation erodes the discipline of debt management, compromising financial stability. Inflation-induced debt cycles perpetuate financial burdens, subverting traditional savings practices and fostering dependency on financial markets.
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Some Spiritual Casualties of Fiat Inflation
- Inflation’s impact extends beyond economic realms, influencing societal norms and moral values. The relentless depreciation of money’s value under inflation necessitates constant financial vigilance, detracting from spiritual and ethical considerations. Societal materialism, deteriorating product quality, and routine lies are byproducts of inflation-induced financial preoccupations.
- Suffocating the Flame
- The expansion of welfare states through public debt accumulation facilitated by inflation weakens the foundational unit of society—the family. Erosion of family values, subsidized moral decay, and societal dependency on welfare services epitomize the cultural decay instigated by fiat inflation. As the family diminishes, so does the moral fabric of society, suffocating the flame of Christian ethics.
In summary, the far-reaching implications of inflation on civilization encompass economic, social, cultural, and spiritual dimensions. Fiat inflation, as a harbinger of destruction, undermines societal pillars, perpetuates moral decay, and stifles individual autonomy. Recognizing the corrosive nature of inflation is paramount to safeguarding the foundational principles of civilization.
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